Sony mulls battery business sale

2012-11-29 14:26

((Kazuhiro Nogi, AFP))

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Tokyo – Sony is in talks with suitors including Taiwan's Hon Hai Precision over the sale of its battery business, as the Japanese firm tries to repair its dented balance sheet.

Sony, which in June announced the sale of its chemical division, was eyeing the sale to focus on core businesses, including its videogames unit, as it battles fierce overseas competition, the Nikkei business daily reported.

Hon Hai, which makes Apple gadgets in China and has been in separate talks over an investment in Sony rival Sharp, is among the prospective buyers, as well as Japanese and foreign investment funds, the Nikkei said.

Sony may also hold on to part of its battery business while selling off a stake in the division, which makes lithium ion batteries found in a range of consumer electronics, including mobile phones and computers, the report said.

"It is true that we are considering reviewing batteries and other businesses unrelated to our core electronics businesses, but we have nothing concrete so far," a Sony spokesman told AFP in response to the Nikkei report.

Sony, which expects to eke out a small annual profit after four years in the red, became the first company in the world to widely commercialise lithium ion batteries in the early nineties.

However, its global market share has more than halved from over 14% in 2008 to 6.9% in the April-June quarter this year as it runs up against competition from rising South Korean rivals, the Nikkei said.

Read more on:    sony
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/News

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Save up to 40% on outdoor accessories!

Tents, sleeping, day packs and more. While stocks last. Shop now!

Month End Madness Sale!

Save up to 60% on across a wide range of goods from books to electronics, DVDs and many more. Sale end 31 January 2015. Shop now!

Valentine’s Day gifts – 14 Feb!

Gifts to spoil him and her. While stocks last. Shop now!

30% off fragrances

Get 30% off fragrances for him and her. While stocks last. Shop now!

Up to 30% off All Textbooks

Save up to 30% off an extensive range of prescribed textbooks for all major universities and FET colleges. Shop Now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

Spontaneity and bright ideas are emphasized today but there is a tendency to be too impulsive and you may want to keep a handle on...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.